$215,000
$259,000
17.0%For more information regarding the value of a property, please contact us for a free consultation.
12346 Smith Street Bear Lake Vlg, MI 49614
4 Beds
1.01 Acres Lot
Key Details
Sold Price $215,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 67022026614
Bedrooms 4
Year Built 1940
Annual Tax Amount $4,000
Lot Size 1.010 Acres
Property Description
Great Investment Property in the quaint N. Michigan town of Bear Lake. This property sits 2 blocks from the lake & 4 blocks to public access of the sandy bottom Bear Lake. Rentals in this area are few & this 4 apartment building with garages & on-site laundry is a rare find. All apartment interiors are the same. One apartment seller has just done some renovations & left vacant for showings. There are newer appliances in the units & a new coin laundry in basement of the garage. Apartments are 750 sq ft with 2 bedrooms & either a patio or a deck.The current renters all want to remain & rents go to $725-$765 in July. Seller pays utilities. Seller is getting an estimate on splitting the electric services. 6 stall garage & extra lot complete the property.
Location
State MI
County Manistee
Area Bear Lake Vlg
Interior
Heating Baseboard, Hot Water
Laundry 1
Exterior
Garage Spaces 6.0
Roof Type Composition
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Water at Street, Well (Existing)
Structure Type Other
Schools
School District Bear Lake
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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Bought with CENTURY 21 Northland